Headquartered in the city of London, Zeal Capital Market (ZFX for short) is an online retail trading broker that aims to provide traders with the right resources and conditions for trading several financial markets: forex, commodities, indices, and cryptocurrencies. Trades are executed with the MT4 trading platform, which is available in multiple versions for desktop, web and mobile devices. The broker operates the No Dealing Deak (NDD) execution, while their liquidity is sourced from large financial institutions.
ZFX Review, Pros & Cons
- User-friendly MetaTrader 4 platform
- Educational resources
- Trading tools
- Multilingual customer support
- Several financial instruments
- No MetaTrader 5 platform
- No USA clients
- Not the lowest spreads
In this detailed ZFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
ZFX is an ECN retail broker that provides traders with the intuitive MetaTrader 4 platform for trading multiple financial instruments. Traders are provided with multilingual customer support as well as a selection of learning and trading tools. Other essential features of ZFX are ECN trading accounts, deep liquidity, low spreads, competitive commissions, and leverage of up to 1:100.
Zeal Capital Market (UK) Limited is a wholly-owned subsidiary of Zeal Holdings Limited, which is authorised and regulated by the Financial Conduct Authority, FRN: 768451. It is a company registered in England and Wales with register number: 10219924.
Zeal Capital Market (Seychelles) Limited is a wholly-owned subsidiary of Zeal Holdings Limited, regulated as a Securities Dealer by the Financial Services Authority of Seychelles, licence number: SD027.
The broker’s services are not directed at residents of any particular country outside the UK and are not intended for distribution to, or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Some ZFX features and products mentioned within this ZFX review may not be available to traders from certain countries because of legal restrictions.
ZFX allows traders to trade the various available financial assets using the MetaTrader 4 trading platform, which is an advanced trading platform that was developed in 2005 by the Russian software company, MetaQuotes. The platform is designed to suit traders of all levels of experience. It has an intuitive user interface and is packed with a range of advanced trading functionalities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and support for the automation of trades using expert advisors (EAs).
The MT4 platform can be downloaded as a desktop application for Windows and Mac computers, and there is a mobile trading app for Android and iOS devices. There is also the web version that can run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge.
ZFX Trading Tools
There are trading calculators and an economic calendar on the broker’s website. The Economic Calendar is a useful trading tool that shows the schedule of market events along with their expected impacts in the financial markets.
The following educational resources are available on the broker’s website: market news, corporate news, announcements, trading guides, and an FAQ section that answers some of the common questions that traders may have.
ZFX offers forex, commodities, indices, and cryptocurrencies.
ZFX Accounts & Fees
The broker provides traders with three trading account options, namely: Mini Account, Standard STP Account, and ECN trading account. The minimum deposit required to begin trading is $50. No commission is charged on trades.
As broker fees can vary and change, there may be additional fees that are not listed in this ZFX review. It is imperative to ensure that you check and understand all of the latest information before you open a ZFX broker account for online trading.
Clients are provided with a multilingual customer support team who are available 24/5 and can be reached via telephone, email, social media, online support form, or by visiting their physical offices.
ZFX Deposit & Withdrawal
Account deposit and withdrawal requests are processed using bank wire transfers, credit/debit cards, and online payment processors, such as Neteller and Skrill.
ZFX Account Opening
Account opening is easy and straightforward: just click on the Open Live Account tab at the top-right corner of the broker’s website. Fill the registration form, providing your personal information and other required details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Putting it all together, ZFX is an online financial services provider with offices in the United Kingdom and Seychelles. The broker allows traders to buy and sell various financial assets using the MT4 trading platform. They provide traders with some useful trading tools and educational resources, whilst there is a multilingual customer support team available to assist them. ZFX is regulated in the UK and Seychelles by the FCA and FSA respectively.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.